Payday Loans in Ray, Michigan

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No payday loan companies in Ray, MI. Consider companies in other cities:

Company nameAddressZip codePhone number
Marc Powers - Raymond James 28 S Washington St 204, Oxford, MI 48371 +1 (248) 628 - 7259
Zeal Credit Union 7240 Park Ave, Allen Park, MI 48101 +1 (800) 321 - 8570
MSU Federal Credit Union 2300 Jolly Rd, Okemos, MI 48864 +1 (517) 333 - 2424
check n go, Check n Go Store Directory 749 Olds St, Jonesville, MI 49250 +1 (517) 849 - 4000
AllStar Payday Loans 11543 Northland Dr NE, Rockford, MI 49341 +1 (616) 951 - 7373
TCF Bank 5750 Baypointe Blvd, Village of Clarkston, MI 48346 +1 (800) 823 - 2265
Allied Cash Advance 1571 Capital Ave NE Unit N, Battle Creek, MI 49017 +1 (269) 963 - 3357
Thrivent Financial-Lutherans 124 S Mears Ave, Whitehall, MI 49461 +1 (231) 894 - 8886
Cash Rite Now 10049 Grand River Rd # 900, Brighton, MI 48116 +1 (810) 494 - 2274
Cash Store 1817 E Sherman Blvd, Muskegon, MI 49444 +1 (231) 739 - 2274

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Ray, MI, you can try to find different companies in big cities near by. Check out the following pages here: Same Day Loans in Holland, MI, No Credit Check Loans in Jackson, MI, Online Loans in Kalamazoo, MI, Payday Loans in Lansing, MI, Payday Loans in Lincoln Park, MI, Payday Loans in Livonia, MI, Payday Loans in Macomb, MI and Payday Loan Without a Credit Check in Madison Heights, MI. But also, you can apply for a loan online, not coming out of your home. Just fill out a simple application on our website and we will connect you with trusted direct lenders in Ray, MI.

Beautiful sights of Ray, MI

Payday Loans Available in Ray, MI By The Following ZIP Codes:

48096

Are Payday Loans Legal In Ray, Michigan?

Loan Rates and Fees, Laws and Regulations in Michigan.

Michigan Loan Regulations

Legal StatusLegal
Interest Rate (APR, %)369
Maximum Loan Amount$600
Minimum Loan TermNot Specified
Maximum Loan Term31 days
Number of Rollovers Allowed0
Finance Charges15%-11% (depending on the number of $100 transactions)

Ray, MI payday loan calculator

Payday Loans in Ray, Michigan

Living paycheck-to-paycheck is a common reality for many Americans. When an unexpected expense arises, such as a medical emergency or a car repair, it can be challenging to make ends meet. This is where payday loans come in. Michigan residents can use payday loans to borrow money quickly and pay it back with their next paycheck. In this article, we will explore payday loans in Ray, Michigan, and provide you with the information you need to make an informed decision.

How Payday Loans Work

Payday loans are short-term loans that typically range from $100 to $500. They usually have a term of two to four weeks and come with high-interest rates and fees. To apply for a payday loan, you must provide proof of income, a valid ID, and a checking account. If approved, you will receive the loan amount in cash or deposited into your checking account.

Benefits of Payday Loans

  • Quick and easy application process
  • No credit check required
  • Funds are available immediately
  • Can be used for any purpose

Drawbacks of Payday Loans

  • High-interest rates and fees
  • Short repayment period
  • Can lead to a cycle of debt
  • May impact your credit score

It’s essential to weigh the benefits and drawbacks of payday loans before deciding if they are right for you. If you are struggling with debt or have a low credit score, payday loans may not be the best option.

Payday Loans in Ray, Michigan

Michigan is one of the 27 states in the US that allow payday loans. Ray, located in Macomb County, has several payday loan lenders that residents can access. Some of the payday loan lenders in Ray include Advance America and Check Into Cash. These lenders offer payday loans to individuals who meet their eligibility criteria.

Eligibility Requirements

The eligibility requirements for a payday loan may vary by lender. However, some common requirements include:

  • Being 18 years or older
  • Being a US citizen or permanent resident
  • Having a valid checking account
  • Having a steady source of income

Interesting Facts and Stats About Payday Loans in Ray, Michigan

  • There are over 600 payday loan lenders in Michigan
  • The average payday loan amount in Michigan is $350
  • The average interest rate for a payday loan in Michigan is 442%
  • In Michigan, borrowers are allowed to extend their loans up to three times after the initial due date

Apply Now

If you are considering a payday loan in Ray, Michigan, TheGuaranteedLoans can help you connect with potential lenders. We are a connector service, not a direct lender, and we specialize in payday loans, title loans, and other loan-related topics. Fill out our online application, and we will match you with lenders who may be able to provide you with the loan you need. Remember, payday loans are a short-term solution, and it’s important to use them responsibly.

At TheGuaranteedLoans, we are committed to providing our readers with accurate and reliable information about payday loans. We understand that applying for a payday loan can be a stressful and overwhelming experience, but we are here to help. Our goal is to ensure that you have the knowledge and resources you need to make an informed decision.

F.A.Q.

Can I renew or rollover my payday loan in Ray, Michigan?

No, payday loans in Ray, Michigan cannot be renewed or rolled over.

What happens if I can't pay back my payday loan in Ray, Michigan on time?

If you are unable to pay back your payday loan in Ray, Michigan on time, you may be charged additional fees and interest. You may also be subject to collection actions. It is important to contact your lender to discuss your options if you are unable to make a payment.